2 replies to this topic

[eminimee]

Just showing Dax and resistance...no count but could be bearish. Obviously a breakthough and it's bullish.



Canada is making a decision on interest rates this morning...it's been running up on the fact that a rate hike is in the works...not to mention it's strength with oil and gold lately. However, I don't believe a rate high will happen this time around as there is probably pressure from manufacturing to keep the dollar below 90. It's a bit of a crap shoot but I shorted the Canuck Buck June contract at .8945 this morning with a tight stop at .8975.



http://stockcharts.com/c-sc/sc?s=$DAX&p=M&yr=9&mn=0&dy=0&i=p86534359454&a=104582398&r=5532.png

Edited by Teaparty, 24 April 2007 - 05:50 AM.

[jjc]

Nice risk/reward on that CD play.

[eminimee]

they left rates alone...going to hang in with same stop for now.